Equinix gets $25 million revolver

By Sara Rosenberg

New York, Feb. 18 - Equinix Inc. closed on a $25 million one-year senior secured revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Bank of America acted as the lead bank on the deal that was completed on Feb. 12.

Pricing is Libor plus 275 basis points, subject to a minimum borrowing cost of 300 bps.

Proceeds will be used for working capital and letters of credit.

Equinix is a Foster City, Calif.-based provider of network neutral colocation, interconnection, and managed IT infrastructure services.

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